Morgantown, Berks County, Pennsylvania Property Taxes
Median Morgantown, PA effective property tax rate: 3.92%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Morgantown, PA home value: $151,700
Median annual Morgantown, PA tax bill: $5,892, $3,492 higher than the national median property tax bill of $2,400.
How are property taxes in Berks calculated?
Property taxes in Morgantown, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Morgantown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morgantown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Morgantown, Berks County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.92%
Estimate Property Tax Bill
$5,947
$5,518
Property Tax Rates Across Morgantown, Berks County, Pennsylvania
Local government entities set property tax rates, and these can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Morgantown’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S. Morgantown, located in Berks County, has a median property tax rate of 3.92%, which is significantly higher than the national median property tax rate of 1.02%. This places Morgantown among the highest in the region, with the same rate being the highest and lowest in the area, as seen in its zip code 19543. This discrepancy highlights the importance of understanding local tax rates and how they can impact property owners differently across the state.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Morgantown Tax Rate
3.92%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Berks County Tax Rate
4.37%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Morgantown, Berks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19543 | 3.92% | 3.92% | 3.92% | 3.99% | 3.99% |
Source: Ownwell
Property Tax Assessment Values Across Morgantown, Berks County, Pennsylvania
When examining property taxes in Morgantown, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Berks County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Berks County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Morgantown.
For example, the median home price in Morgantown is $151,700, with tax bills ranging significantly across the county. Zip code 19543 has the highest median home price at $151,700.
Property Tax Assessment Values Across Morgantown, Berks County, Pennsylvania
Source: Ownwell
$21,200
$104,950
$188,700
Median Morgantown Market Value
$151,700
Median Berks County Market Value
$97,000
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Morgantown, Berks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19543 | $88,060 | $104,800 | $151,700 | $198,650 | $244,132 |
Source: Ownwell
Property Tax Bills Across Morgantown, Berks County, Pennsylvania
In Morgantown, Berks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The property tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Morgantown face a median tax bill of $5,892, which is significantly higher than the national median of $2,400. Factors influencing property tax bills include the local tax rate and the assessed value of the property, which may not always reflect current market conditions. This can lead to discrepancies in tax bills, potentially burdening homeowners with higher payments than necessary.
Ownwell assists homeowners by providing property tax appeal services, ensuring that their homes are assessed fairly and accurately. By reviewing property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills, providing financial relief. With expertise in navigating the property tax system, Ownwell offers a valuable service to those seeking to manage their property tax expenses effectively.
Median Morgantown Tax Bill
$5,892
Median Berks County Tax Bill
$4,153
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Morgantown, Berks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19543 | $3,459 | $4,104 | $5,892 | $7,719 | $9,562 |
Source: Ownwell